Besides spending on building infrastructure, the government should focus on exploiting natural resources the country has and look at stake sale in most PSUs, said the mining baron
The NIP Task Force has asked for a 21 per cent increase in government spend on infrastructure in 2020-21
In an official statement, the aviation ministry also said while as many as 10 airports commenced operations in 2019, 335 routes have been awarded, covering 33 aerodromes during the year
'the government should be little on the expansionary mode for two years', said Umesh Revankar, MD and CEO, Shriram Transport Finance
The Centre has chalked out a plan envisaging an investment of Rs 100 lakh crore in the infrastructure sector over the next five years, Union Minister Piyush Goyal said on Wednesday. "The investment will transform availability and quality of infrastructure at airports, roads, highways, railways, ports... All infrastructure-related sectors (aviation, shipping, electricity, and oil & gas) are going to see a huge thrust in the next five years," Goyal said. The railways and commerce & industry minister said that "Rs 100 lakh crore in the next five years is not a small amount". He said the railways has drawn up a 12-year plan entailing an investment of Rs 50 lakh crore. "Rs 50 lakh crore in 12 years is an unheard of investment spree that the railways is planning. Obviously, the government cannot put in this kind of money so we will have to engage the private sector. We will have to work closely through the public-private partnership model," Goyal said at the India International ...
This is indeed a comprehensive package which shows that the finance ministry has been keeping its ears close to the ground
To achieve the target of $10 trillion economy size by 2032, a robust and resilient infrastructure system is required, supported by adequate private investments
Western nations put less money into roads and bridges now than they did before the global financial crisis
Vedanta, the nation's biggest producer of base metals, predicts aluminum sales growth to rebound to nine per cent in the year starting April 1, and copper to five per cent